New Zealand players walk on the pitch prior to a training session at the S Petersburg Stadium, Russia, on Friday. New Zealand will play Russia in a Confederations Cup, Group A football match scheduled for Saturday. Dmitri Lovetsky / AP Photo
New Zealand players walk on the pitch prior to a training session at the S Petersburg Stadium, Russia, on Friday. New Zealand will play Russia in a Confederations Cup, Group A football match scheduled for Saturday. Dmitri Lovetsky / AP Photo
New Zealand players walk on the pitch prior to a training session at the S Petersburg Stadium, Russia, on Friday. New Zealand will play Russia in a Confederations Cup, Group A football match scheduled for Saturday. Dmitri Lovetsky / AP Photo
New Zealand players walk on the pitch prior to a training session at the S Petersburg Stadium, Russia, on Friday. New Zealand will play Russia in a Confederations Cup, Group A football match scheduled

No less than an iron curtain-raiser for Russia and Confederations Cup organisers


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On the bustling Nevsky Prospect, a wide avenue filled with cafes and clothes shops, the official club store of ice hockey side SKA Saint Petersburg is unmissable courtesy of a giant billboard celebrating the team’s recent championship win.

A little along the road, on the opposite side, sits the official megastore of local football club Zenit. Despite its vast size, it is considerably less noticeable – and in being so offers the perfect metaphor for football in Russia.

Football, not hockey, is played on the streets here. Yet former national team manager Leonid Slutsky said his country lacks football culture.

While temporary branding for Fifa’s Confederations Cup is plentiful across this city of five million, there appears to be little chatter among the population regarding the two-week, eight-team event that kicks off today with the hosts facing Oceanic champions New Zealand.

Residents cite a variety of reasons for not planning to attend matches, including snarling traffic, alleged stadium corruption and general disinterest in a tournament short on star power and often viewed as merely a World Cup dress rehearsal.

Local organisers are also not helped by a Russian squad in a state of rebuild following Slutsky’s resignation last year after a dire European Championships campaign in France.

Although 44,000 tickets have been sold for the curtain-raiser, the Krestovsky Arena boasts a capacity of 68,000, leaving Fifa hoping for a late flurry of sales.

“What we can say is we have sold 480,000 tickets so far for the tournament, which gives us a 65 per cent attendance rate,” said Fatma Samoura, Fifa’s general secretary. “We also know there is a practice here of last-minute purchasing of tickets so we’re still hoping for a full stadium.”

The arena opened earlier this year almost a decade late and at a cost of US$1.7 billion (Dh6.2bn) more than 500 per cent over budget. Yet after just two games, owners Zenit complained about the state of the pitch and insisted on playing their next match at the nearby Petrovsky Arena.

Last night, managers of both Russia and New Zealand allayed fears over the grass, with Kiwis manager Anthony Hudson insisting his side will not be using it as an excuse should they lose.

“Conditions will be same for both teams and I can assure you we have played on much worse in our journey to get here: hard pitches, extreme heat, etc. We are very good at adapting to that kind of thing,” said Hudson, whose team qualified by winning the OFC Nations Cup in Papua New Guinea.

Aside from the Krestovsky field, the traditional scramble to be ready that tends to plague most Fifa host cities has not been apparent, with Alexey Sorokin, the CEO of the local organising committee saying that after six years of preparation, everything is 100 per cent.

Twenty-four hours before kick-off, only a few sponsors’ tents were still being erected outside the stadium.

Organisers’ concern is not the venues then, but what might happen inside and around the structures.

A report compiled by anti-discrimination group Fare and Russia-based Sova said there were 89 racist and far-right incidents at Russian games last season, including one case in which part of a stadium was segregated by a fan group for people of “Slavic appearance”.

Fifa has introduced a new three-step plan designed to stop such discrimination inside the grounds and given referees heightened authority to halt or even abandon matches in the event of unacceptable behaviour. Deputy prime minister Vitaly Mutko conceded racism “is a challenge and responsibility”, but said the government has taken “every possible measure to guarantee safety”.

Such words will be welcomed by fans who witnessed the vicious hooliganism by Russians at last summer’s Euros.

Authorities have already blacklisted around 200 people from attending the event in a bid for it to pass incident-free and improve the country’s reputation ahead of next year’s showpiece. Other welcoming initiatives include the waiving of travel visas for all tournament ticket-holders and free transport between cities.

For the hosts though, the pressure is building. Those walking Nevsky Prospect might not be showing much obvious interest in the Russian team, but their most prominent fan certainly is.

President Vladimir Putin warned his country’s players this week that “fans and those who love Russian football expect better results”, urging them to play “like real warriors”.

Having won only three of their past 15 games, they will have to.

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The Porpoise

By Mark Haddon 

(Penguin Random House)
 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Envi%20Lodges%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3ESeptember%202021%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Noelle%20Homsy%20and%20Chris%20Nader%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%0D%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Hospitality%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%20to%2015%0D%3Cbr%3E%3Cstrong%3EStage%20of%20investment%3A%20%3C%2Fstrong%3ESeries%20A%3C%2Fp%3E%0A
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The years Ramadan fell in May

1987

1954

1921

1888

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
THE DETAILS

Deadpool 2

Dir: David Leitch

Starring: Ryan Reynolds, Josh Brolin, Justin Dennison, Zazie Beetz

Four stars